Balan Nair Acquires 360 Shares of Charter Communications, Inc. (NASDAQ:CHTR) Stock

Key Points

• Balan Nair, director of Charter Communications, purchased 360 shares at an average cost of $274.21, totaling $98,715.60, increasing his position by 3.89% to 9,622 shares.
• Charter Communications reported EPS of $9.18 for the last quarter, missing the consensus estimate of $10.06, but showing a revenue increase of 0.6% year-over-year.
• Analysts have set a target price range for Charter communications, with estimates ranging from $275 to $415, reflecting differing opinions on the stock's performance.

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) Director Balan Nair acquired 360 shares of the stock in a transaction on Thursday, July 31st. The shares were acquired at an average price of $274.21 per share, with a total value of $98,715.60. Following the purchase, the director owned 9,622 shares in the company, valued at $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Charter Communications Stock Up 0.0%

Shares of Charter Communications stock traded up $0.03 on Friday, hitting $258.81. 414,628 shares of the company traded hands, compared to its average volume of 1,466,080. Charter Communications, Inc. has a 12-month low of $257.03 and a 12-month high of $437.06. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The company has a market cap of $35.35 billion, a PE ratio of 7.10, a PEG ratio of 0.59 and a beta of 1.02. The company has a 50-day moving average price of $371.06 and a 200 day moving average price of $368.59.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same period in the previous year, the business posted $8.49 EPS. Charter Communications's revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on CHTR. UBS Group reduced their price objective on shares of Charter Communications from $425.00 to $355.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Morgan Stanley boosted their price target on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Wolfe Research upgraded Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 20th. Bank of America boosted their price target on shares of Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Finally, Royal Bank Of Canada cut their price objective on Charter Communications from $430.00 to $370.00 and set a "sector perform" rating for the company in a report on Monday, July 28th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Charter Communications currently has a consensus rating of "Hold" and a consensus price target of $410.59.

Institutional Investors Weigh In On Charter Communications

Several institutional investors have recently made changes to their positions in CHTR. SouthState Corp bought a new position in Charter Communications during the first quarter valued at approximately $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of Charter Communications during the 2nd quarter worth $25,000. Salem Investment Counselors Inc. increased its stake in shares of Charter Communications by 2,033.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company's stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Charter Communications during the 2nd quarter valued at $28,000. Finally, ST Germain D J Co. Inc. lifted its stake in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after purchasing an additional 77 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.